What is the current status of Vietnam's power system?
(i)Current status of Vietnam's power system with high RE (solar and wind power) rate, and the capacity of RE projects is greatly fluctuated. (ii) Advantages and disadvantages of operating a power system with a high RE rate. (iii) Demand and necessity of electricity storage in the current and future power system of Vietnam.
Will Vietnam's Electricity demand increase 4x by 2040?
Electricity demand could increase by 4x by 2040 (from the 2020 levels) - in line with Vietnam’s growth and development objectives. Lower carbon electricity supply will require choosing higher capital cost solutions now.
What is the power planning model used in Vietnam?
Model used: Electricity Planning Model (EPM) - developed in-house by the World Bank’s Global Knowledge Unit (using industry standard optimization tools). Data inputs: Reflects the latest power sector demand and supply situation in Vietnam (using verified government data sources). IEA + 2021 Vietnam Technology Catalogue.
Is energy storage system a good investment?
According to international energy experts, when RE electricity rate reachs 15% up, the investment in energy storage system is economically efficient. So, in many countries over the world, the energy storage systems have become the necessary technologies in demand side management, RE and smart grid development.
Can solar and wind power investors invest in small-scale storage batteries?
Solar and wind power investors can only invest in small-scale storage batteries to store a small part of the generating electricity at times of RE reduction and discharge it to the system at peak hours for reducing losses of the investors due to RE electricity cutting.
Will there be a power shortage in Vietnam in 2021?
It has been estimated that there will be a power shortage of nearly 400 million kWh in 2021, and it will reach a peak of 13.3 billion kWh in 2023, according to the report of Electricity of Vietnam (EN).
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